USDCHF Forecast
The USDCHF was indecisive last week. Price attempted to push lower bottomed at 0.9070 but whipsawed to the upside and closed at 0.9315. The bias is bullish in nearest term especially if price able to make a clear break above the hourly EMA 200 and 0.9320 resistance area testing 0.9400. Immediate support is seen around 0.9275. A clear break below that area could lead price to neutral zone in nearest term testing 0.9235. Overall I still prefer a bearish scenario at this phase.
